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RBI Monetary Policy

Published on February 06, 2021
Current Context: The RBI’s Monetary Policy Committee headed by RBI Governor Shaktikanta Das in their latest announcements stated to keep policy rates unchanged.
RBI Monetary Policy
  • The following are the policy rates:
  • (a) Policy Repo Rate: 4% (b) Reverse Repo Rate: 3.35% (c) Marginal Standing Facility Rate: 4.25% (d) Bank Rate: 4.25% (e) Cash reserve Ratio: 3% (f) Statutory Liquidity Ratio: 18%
  • Also, RBI has projected India’s GDP growth rate at 10.5% for FY 2021-22-in the range of 26.2% to 8.3% in the first half and 6% in the third quarter.
  • RBI projected Inflation at 5.2% for the fourth quarter of 2020-21, 5.2-5% in the first half of 2021-22 and 4.3% for the third quarter of 2021-22, with the balanced risks.
  • Members of Monetary Policy Committee: Dr Michael Debabrata, Dr Mridul K Saggar, Prof. Ashima Goyal, Prof. Jayanth R Verma and Dr. Shashanka Bhide.
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das

Question: 

Q.1 Recently, RBI in its MPC meet announced that India’s GDP growth rate at ___% for FY 2021-22?
a. 9.5%
b. 10.5%
c. 11.5%
d. 12.5%
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